FG APPROVES 11bn FOR CONSTRUCTION OF BRIDGES & ACCES ROADS TO BRASS LG AND 3.8bn FOR a SWITCH-GEAR ROOM FOR OIL & GAS PARK IN BAYELSA STATE
The minister disclosed this to State House Correspondents shortly after the over three-hour FEC meeting presided over by the Vice President, Professor Yemi Osinbajo, at the Council Chambers of the Presidential Villa, Abuja.
According to the Minister of State for Petroleum Resources and former Presidential aspirant of the APC, Timipre Sylva, the council approved N3.81bn for a switch-gear room for the Nigerian Oil and Gas Park in Bayelsa State for the local manufacture of components.
The PUNCH reports that, in February 2022, the Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, said the Nigerian Oil and Gas Park will be completed in the fourth quarter of 2022.
Sylva also revealed that the Council approved N11bn for the construction of access roads and bridges to Brass local government area of Bayelsa State.
He also noted that consultations have begun for the Nigeria National Petroleum Company to execute a Memorandum of Understanding with the Economic Community of West African States to construct the Nigeria-Morocco gas pipeline.
The Pipeline would be the world’s longest offshore pipeline and second-largest pipeline in the world carrying gas from Nigeria to Morocco and running through at least 11 West African countries, to Spain in Europe.